Results for the 1st quarter of 2016 Mayr-Melnhof
The Mayr-Melnhof Group was able to solidly maintain its position in the first quarter of 2016 despite a considerably restrained market environment. Both divisions succeeded in increasing their business volumes and thus registered an overall good capacity utilization of production sites. The acquisition of a folding carton group in France at the end of October last year contributed an expected growth compared to the previous year.
With a largely stable development on the procurement markets, high price discipline and cost efficiency enabled MM Karton and MM Packaging to keep the yield from the business at the good level of the previous year.
Due to a continuous lack of impulses from the overall economy, the situation on our markets is characterized by a further decrease in visibility and therefore high competition. The priority lies on safeguarding profitability as best as pos-sible as well as maintaining respectively extending our market shares.